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Charting future growth for Islamic finance talents in Malaysia: a bibliometric analysis on the Islamic finance domains and future research gaps

Norazlina Abd. Wahab (Institute of Shariah Governance and Islamic Finance, Islamic Business School, Universiti Utara Malaysia, Sintok, Malaysia)
Rosylin Mohd Yusof (Institute of Shariah Governance and Islamic Finance, Universiti Utara Malaysia, Sintok, Malaysia)
Zaemah Zainuddin (Othman Yeop Abdullah Graduate School of Business, University Utara Malaysia, Kuala Lumpur Campus, Kuala Lumpur, Malaysia)
Jamaltul Nizam Shamsuddin (Department of Financial and Business Systems, Lincoln University, Christchurch, New Zealand)
Siti Farah Norbaini Mohamad (Islamic Business School, Universiti Utara Malaysia, Sintok, Malaysia)

Journal of Islamic Accounting and Business Research

ISSN: 1759-0817

Article publication date: 29 December 2022

74

Abstract

Purpose

This paper aims to provide an overview of research topics and publications produced by Islamic Finance scholars in Malaysia, focusing on six research domains (Shariah-based, Islamic Finance, Islamic Economics, Islamic Accounting, Islamic Management and Halal Management) in five public universities in Malaysia.

Design/methodology/approach

This study seeks to analyse the research gaps and recommend future research based on publications produced by Islamic Finance scholars from five public universities in Malaysia. Data on talents were collected from the MIFER report 2016 and each universities’ website, while research and publications of the talents were collected from Google Scholar and the Scopus database. The extracted data were analysed using bibliometric analysis in VOSviewer version 1.6.15.

Findings

The results show that the five selected universities talents have different research strengths according to six research domains highlighted in MIFER 2021 and Beyond Report. All five universities are found to contribute the least research in Halal Management domain. In view of the increasing prominence of this area of research in the national and international levels, these universities and other universities in Malaysia can generate more research in Halal Economy, Halal Management, and other related areas within this domain. The finding indicated that each university tends to have a strength according to the different domains, and 2019 is the most productive year for Islamic Finance publications. Analysis from productive scholars and co-citations shows that the authors collaborate within the same university to create a different topic for each research cluster.

Research limitations/implications

The bibliometric analysis only captures the general keyword terms, which may be limited to the only generalised sub-research areas.

Practical implications

This bibliometric study, which is based on the expertise of researchers, complements meta-analysis, and qualitative structured literature reviews aid researchers or talents in developing future research directions such as Green economy, Cryptocurrency, Fintech, Halal Management and others. In addition, this is a case study in nature and can serve to enhance understanding the landscape of Islamic finance education and as a reference for practices in institutions of higher learning from around the world.

Originality/value

To the best of the authors’ knowledge, this study is a new research initiative comparing five top programme providers in the field of Islamic finance using a bibliometric approach to enhance talent development and capacity building. With the government’s efforts to further promote Malaysia as the Islamic Financial Hub, this study highlights the research gap in Islamic finance based on scholars’ publications from selected five Malaysian universities and potential topics for future research. This study focuses on the research domain for each university, the trend of publishing, the number of journals published by academics, productive scholars and citations by Malaysian universities, and examines if the publications align with current industry needs.

Keywords

Acknowledgements

The authors thank the International Council of Islamic Finance Educators (ICIFE) for funding this study and Research and Innovation Management Centre, Universiti Utara Malaysia for the administration of this study.

Citation

Abd. Wahab, N., Mohd Yusof, R., Zainuddin, Z., Shamsuddin, J.N. and Mohamad, S.F.N. (2022), "Charting future growth for Islamic finance talents in Malaysia: a bibliometric analysis on the Islamic finance domains and future research gaps", Journal of Islamic Accounting and Business Research, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JIABR-02-2022-0045

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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